Perhaps 1p5wich fans should consider doing this

1. Find a football club in massive debt to a bank.

2. Open an offshore company account.

3. Buy the football club debt from the bank for a fraction of its value. Kerching!

4. Tell the football club shareholders to hand over ownership to you else you will call in the debt. Kerching!

5. Charge the football club (that you now own) interest on the debt that you bought from the bank... Don't forget to charge the club interest on the higher amount that the club had owed to the bank, not the lower amount that you actually paid the bank for the debt. Kerching!

7. Insert a clause so that the club (you own) has to pay you back the whole debt should the club get to the Premier League. You will then have a debt free Prem club that has cost you nothing and it would be a good time to sell. Kerching!

8. In the meantime, continue to run the club at a loss so that the club (you own) has to borrow more money from you (offshore company) and pay you more in interest. Kerching!

As the club is paying you interest (on the amount they had owned to the bank rather than the lower amount that you actually paid for the debt) you can afford to borrow more money and then loan it to the club. Your club pays the interest to you, you take a cut and pay the lenders. Kerching!

9. Because it's WOTB there is always a 9.

Posted By: Larry Hagman on April 22nd 2014 at 23:05:37

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